Politics & Government
Robert Romano - After Trump’s First 100 Days, The Best Is Yet To Come
President Trump Promises as New Tax, Trade and Immigration Policies Take Hold the Joe Biden 'Overhang' Will Pass; Romano Presents Evidence.
From the Daily Torch to this writer for MHProNews will be the start of today's installment of the "Reality Check" series for this Patch and is provided in Part I. Additional related insights, plus unrelated subjects, will follow in Part II.
Part I
After Trump’s First 100 Days, The Best Is Yet To Come On Taxes, Trade And Immigration As President Promises Biden ‘Overhang’ Will Pass
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“I didn’t take over until January 20th. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden ‘Overhang.’ This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. BE PATIENT!!!”
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That was President Donald Trump’s reaction on Truth Social on April 30 to the latest data from the Bureau of Economic Analysis showing a slight 0.3 percent, annualized decrease of the Gross Domestic Product in the first quarter of 2025 that ended on March 31 prior to the President’s April 2 announcement of reciprocal tariffs.
Here, Trump is suggesting that there is a “Biden overhang” in the economy. He’s got a point.
Under former President Joe Biden, the U.S. economy saw peak inflation at 9.1 percent in June 2022, and subsequent, unsurprising increase of unemployment from 5.7 million in January 2023 to 7 million now, a 1.3 million increase.
The first signals of a slowdown or recession came in 2022 when the spread between 10-year and 2-year treasuries first inverted, and then the signal for higher unemployment came in 2023 when the inversion began narrowing until the yield curve normalized in 2024.
That’s what usually happens following peak inflation given the historical inverse relationship between inflation and unemployment. In fact, every bout of peak inflation in the postwar era either coincided with or was followed by a recession, the unexpected 2020 Covid recession notwithstanding that came a result of artificial economic lockdowns, not the economy overheating.
In the current instance, the American people are also seeing consumer credit owned and securitized contracting. The good news is that usually happens at the tail end or following a recession, and so it could be that the contraction or slowdown already being experienced simply has not been fully booked by the Bureau of Economic Research (NBER).
Regardless of the NBER’s timing, the increase in unemployment we’ve seen for the past two years, along with slowing inflation is real enough.
Interest rates are dropping, with 10-year treasuries down to 4.18 percent as of this writing amid a flight to safety as the dollar strengthens. Oil is trading down to $59.53 and so too are other commodities dropping. All of this projects not just lower inflation expectations, but lower growth expectations on the horizon.
So, the U.S. economy could be in for a bumpy ride in the near-term. But as President Trump stated, “This will take a while…” but that after that, “when the boom begins, it will be like no other.”
Meaning the best days are yet to come. Congress is still working on President Trump’s historic tax cut package that will include no tax on tips, overtime and Social Security, as well as factory expensing to fully incentivize companies to make good on the trillions of dollars of commitments to make their products in America and to shift away from China.
And as far as the reciprocal tariffs go with other trade partners, the U.S. is in the heart of trade negotiations with South Korea, India and Japan, with some deals expected soon that could dramatically alter the outlook.
At his April 29 rally celebrating his first 100 days in office in Warren, Michigan — a state he carried twice in 2016 and 2024 — Trump promised that his historic trade policies would put America first: “After decades of politicians who destroyed Detroit to build up Beijing, you finally have a champion for workers in the White House. And instead of putting China first, I’m putting Michigan first. And I’m putting America first.”
Trump added that the bureaucrats who had overseen the outsourcing of America were being fired, “After a lifetime of unelected bureaucrats stealing your paychecks, attacking your values, and trampling your freedoms, we are stopping their gravy train, ending their power trip, and telling thousands of corrupt, incompetent, and unnecessary deep state bureaucrats, ‘You’re fired. Get the hell out of here. You’re fired. Get out of here.’ In 100 days, we have delivered the most profound change in Washington in nearly 100 years.”
In the meantime, the President continues to make historic gains in securing the southern border, with his plan to militarize the border with U.S. troops paying handsome dividends, as border encounters are down their lowest levels ever recorded, with just 11,017 such encounters in March compared to March 2024’s 189,359, a 94 percent decrease.
President Trump does not have to worry about facing reelection in 2028, meaning he can take the bold actions that he campaigned on — promises made, promises kept — that he believes in the long-term will position the U.S. to be stronger and more prosperous. His message to his supporters is to “BE PATIENT!!!” In 2024, the American people took another chance on Trump, and the President is promising that the best is yet to come. Stay tuned.
Robert Romano is the Executive Director at Americans for Limited Government Foundation.
Part II Additional Information plus Other Topics
1) NewsBusters.org and the Media Research Center announced earlier this week that the networks in mainstream media provided 92 percent negative coverage of the first 100 days of the second Trump Administration.
2) Arguably not too many political, or other, leaders could survive 92 percent negative coverage with their popularity unscathed. But as longtime readers of this "Reality Check" series for this Patch may recall, President Trump survived at least two known assassination attempts, one of which had a gunshot rip through the then candidate’s ear last year. Trump was ‘convicted’ of a ‘crime’ that some legal experts said would not survive an appeal, because of the convoluted nature that certain officials in New York transformed a claimed minor bookkeeping offense (even if true) into a felony. Trump stood as a ‘convicted felon’ for the highest office in the country and won.
https://patch.com/florida/lake...
3) But perhaps due in part to the fact that life became less safe and more costly under the 4 years of Biden-Harris (D), in a first since 2004, President Trump became the first Republican to win both the popular vote and the Electoral College.
https://patch.com/florida/lake...
He won every single swing state.
He won the house.
He won the senate.
He won the popular vote.
MSNBC is not coping well. pic.twitter.com/rQmc2LMJip
— Insurrection Barbie (@DefiyantlyFree) November" class="redactor-linkify-object">https://twitter.com/Defiyantly... 8, 2024
4) POTUS Trump, as Robert Romano aptly argued, is making potentially historic efforts to retool the economy and the political system to be more responsive to perhaps over 90 percent of the American people who hail from all ethnic, age, and other backgrounds. Because Trump is NOT a dictator, he must use the lawful tools at hand to attempt to push domestic and other large companies into reshoring production and deporting illegals. Those are two parts of a broader plan to raise the incomes of legal immigrants and U.S. born citizens.
Americans remembered this.
Policies like Trump 2.0 is putting into place should follow that pattern above and could push beyond it, so long as Congress and rogue judges don't keep that from happening. That is what the majority vote for and that is what Trump and his team are apparently working to deliver.
5) As a teaser for a housing update that is planned for this Patch. Housing was one of the many items that soared out of reach for millions of Americans. Under Biden-Harris, housing became unaffordable for millions.
https://patch.com/florida/lake...
6) The Manufactured Housing Association for Regulatory Reform (MHARR) has made numerous efforts in a 'workman like fashion' to cause the second term of Trump to avoid a miss that the Washington, D.C. trade group attributes in part to the failures (deliberate or accidental) of the Manufactured Housing Institute (MHI). Some deep dive releated articles on that theme are linked below.
‘Consolidation of Key MH Industry Sectors Ongoing/Growing Concern MHI Hasn’t Addressed Because Doing So Would Implicate Their Own Members’ plus Sunday Weekly MHVille Headlines Recap
NAR says Existing-Home Sales Receded 5.9% in March-More Mainstream Housing Data with Manufactured Home Industry Production-Shipments for 50 States; Champion Homes (SKY) Updates; MHVille FEA
https://www.manufacturedhomepr...
‘Systemic Issue Impacts Companies-Investors-Consumers’ – Better Understanding Earnings Calls and Role of Analysts Using Example of Champion Homes Q3 2025 Earnings Call Transcript- MHVille FEA
https://www.manufacturedhomepr...
More on those topics is planned for a separate report on the Patch in the near term. Because the lack of affordable housing causes a reported $2 trillion dollars in lost annual GDP due to economic drag, this impacts the vast majority of Americans.
Will Trump 2.0 follow MHI's arguably improper if not illegal behaviors or that of MHARR? More on that and other topics follow. Thanks for checking into this installment of the "Reality Check" series for this Patch.
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Manufactured Home Groups Split in Transparency Amidst Housing Crisis
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Manufactured Housing Misses-Experts and Insiders Critique MHI Failures
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According to Manzanita Miller, the "Trump’s Tax Cuts Benefited The Middle-Class And That Is Why Extending Them Is Wildly Popular" LATK FEA--
New Manufactured Home Production Trend UP But Research Raises Concerns
Manufactured Housing Association for Regulatory Reform (MHARR) Released Jan 2025 data that reflects continued improvements since 2023 but...
VP Vance-Illegal Immigrants Squeeze U.S. Citizens from Home Ownership
Bill Wilson - "A Mistake From The Past That Can Be Avoided"
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Fact Checks by Grok-Copilot-Gemini Point to Problems at Manufactured Housing Institute that help Explain 21st Century Manufactured Home Sales
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GROK reports on "Most Comprehensive" article on Sec Turner's recent remarks to WMAL, CPAC, and on challenges to solve affordable housing.
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Audrey Streb-for DCNF and via Daily Signal: Democratic Officials that Criticized Wealthy Despite Taking Funding from Billionaires (Ouch!)
Rob Romano-Who Controls Foreign Policy? President Or District Courts?
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More on those and other topics in this eclectic "Reality Check" series here on this Patch.
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THE Reality Check-All of Us Have Been Manipulated & Lied to-E. Nickson
Dan Bongino to FBI - 'We’re About to See it All. It’s All Coming Out.'
Larry Elder on 'Supercharging the U.S. Economy' Using a Proven Method
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Democrats and GOP both 'Underwater' in New Poll-But Guess Which Leads?
By the Numbers - Evidence of Discrimination Against Believers in God
Employees! It is ‘Not Free Market Capitalism It’s Corporate Feudalism’
HUD Sec Turner-'Corporate Takeover of Housing—A Manufactured Crisis'
'Trump Is Leading a Historic Counterrevolution Against the Deep State'
Federal Racket-Follow the Money-Tammany Hall 2.0 and Big U.S. Media
U.S. Manufactured Home Industry Production 2024 Total Up per MHARR
(Note MHARR is short for the Manufactured Housing Association for Regulatory Reform.)
‘Endemic Mismanagement of HUD Manufactured Housing Program’ Nom Turner
'Restoring and Expanding Affordable Housing Role of Manufactured Homes'–MHARR Letter Cites 2000 Reform Act, "Enhanced Preemption" Much More
Scott Turner Confirmed Secretary of Housing and Urban Development-Official HUD+Manufactured Housing Association for Regulatory Reform (MHARR) News Releases; Manufactured Home Generational Wealth
> ‘Endemic Mismanagement of HUD Manufactured Housing Program’ Nom Turner
'Restoring and Expanding Affordable Housing Role of Manufactured Homes'–MHARR Letter Cites 2000 Reform Act, "Enhanced Preemption" Much More...https://patch.com/florida/lake...
> Big Govt, Big Pharma, Big Food made Americans Overweight and Unhealthy
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> Romano-Trump Bans DEI In Federal Govt—States And Corporations Are Next
> How Republicans Should Follow Through on Tough Talk on Immigration
> NPR=87 Registered Democrats in Editorial Positions and No Republicans
> President Donald J. Trump’s Official 'America First Priorities'
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> Rubio Senate Replacement Ashley Moody (FL-R) Gets Key Assignments
> Trump Plan: Make America Safe, Affordable, Restore U.S. Values for All
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> Official Manufactured Housing Production from 1995-2023-Why it Matters
> Anna Paulina Luna (FL-R) and Barry Loudermilk (GA-R) MERIT Act Insight
> Executive Orders on Investigating Biden Censorship & Weaponization
> Floridian Dr István Dobozi Strikes at Trump Again in Magyar Article (Another critical analysis - fact check).
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> Why do Liars Lie? Why do those Engaged in Paltering and Spin Palter?
> Controversy-Manufactured Housing Institute-Lesli Gooch-Mark Bowersox
> ‘Mobile Home Values Rising Faster Than Single-Family’ House-Wow Fact$
> Realtor-What Is a Manufactured Home? The Next Step Beyond Mobile Homes
> Orlando RE Agent Smith-Younger Adults Will Need $8500 Monthly for Rent
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> Rob Romano-Time To Declassify Everything, Or Another RussiaGate Ahead
> Contemporary Tips from Legend Paul Harvey-Surprising Rest of the Story
> Alert: Is Affordable Housing Linked Scandal at Champion Homes Brewing?
> Report: Biden-Harris Federal Agencies Spent Millions Torturing Cats
> Lesli Gooch Ph.D.-Award, Coverup, Headfake, Scandal? Rest of the Story (Manufactured Housing Institute linked)
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> ALG Unpacks Trump Pitch to Cut Drug Costs by Cutting PBM Middleman
> Is there Evidence that God Exists? Evolution vs. Intelligent Design
> Democratic Voters-Closer Look at Biden’s Acts Before Biden-Harris Exit
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> USA Today - David Plouffe and Dem Advisers on Kamala Harris Revelation
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> Niskanen Center Praises Manufactured Home ‘Cost Savings’ and ‘Quality’
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> Cartoons-Kamala Day 1, DOGE the Swamp, Brainwashing, & Out In the Cold
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> The Creepy Line-Peter Schweizer-Dr. Jordan Peterson-Dr. Robert Epstein
> Secret State Miniseries - Fictional TV Series Shed Light on Reality
> Trump Transition Team Asked to Prioritize Affordable Housing Issues
> Top 10 States for Homelessness & Top Cities for Crime=Shocking Lessons
> WashPost-American Dream Fades But Assoc CEO Mark Weiss Shows Solution
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> Blankley-Goodbye American Dream? Only 10% Polled Can Buy a House; But
> Frank Rolfe-Special Interests ‘Don’t Want to Solve Affordable Housing'
> TARK-‘I’m a Teen and Know the Solution to Affordable Housing Crisis’
---> Renting? Rent too High? Odds Are DOJ Suit vs RealPage Matters to You
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L. A. “Tony” Kovach is a publisher who has earned multiple awards in history. He and his family live in a manufactured home on private property in Winter Haven, FL. He is the co-founder of Manufactured Home Living News.com (MHLivingNews.com) and Manufactured Home Pro News.com (MHProNews.com), trade publications serving segments of the manufactured home industry. Having worked in several segments of the manufactured home industry for over 3 decades, Kovach is a widely acknowledged and often praised expert on manufactured housing. ###
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